SBI helped save YES Bank, Japan came aboard, and now an ₹8,415-crore ghost is crashing its comeback

YES Bank’s ₹8,415-crore AT1 bond write-off, carried out during its 2020 reconstruction, has returned to the spotlight after the Supreme Court upheld a ruling quashing the decision. The verdict could have implications for the lender’s capital position, earnings and bondholders, with the eventual financial impact depending on how the ruling is implemented. The development comes as YES Bank continues its...